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Louisiana Business Law and Contracts

6 Hour Course — Online Video

6 Hours Continuing Education Credits

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Louisiana Business Law and Contracts

Course Description

This six hour course fulfills the continuing education requirements as outlined by Louisiana Administrative Code (LAC) 46:XXIX, Section 113C. The first three hours concentrate on topics important to the everyday running of a successful construction business. This especially includes lien laws, tax and labor laws, and insurance responsibilities, in particular Workers’ Compensation. The second three hours explains the principles of contract law and the important elements of a home building and remodeling contract.

Learning objectives are provided to facilitate student understanding and progress. Informal progress checks throughout the module help students review and measure their understanding of the material. Chapter assessments measure understanding of the material. Students must answer 70% of the questions correctly in order to receive credit/certification for the course.

COURSE OUTLINE

Chapter 1 – Louisiana Construction Lien Laws

*Learning Objectives: 1) Explain how lien laws protect the rights and interests of both the builder and the consumer 2) Define what a lien is, as well as how and when a lien should be filed 3

A. What is a lien and who is entitled to file?
B. Phases of the lien process: Notice of Contract, Notice of Non-Payment, Notice of Termination
C. Claiming the Lien
D. Residential Truth in Construction Act

Assessment

Chapter 2 – Federal and State Tax Laws

*Learning Objectives: 1) Understand and describe the basic payroll and tax responsibilities of an employer. 2) Identify the proper federal tax forms that any business must complete. 3) Understand state tax specifics, especially as they relate to the construction industry.

*Learning Objectives: 1) Gain a basic understanding of the various types of insurance available to builders. 2) Define the importance of surety bonds to the construction industry and its consumers. 3) Identify the rules and regulations surrounding unemployment insurance.

*Learning Objectives: 1) Describe what other documents should be included with a contract 2) Define and describe the basic terms related to contracts 3) Understand what constitutes a fixed price, unit price or cost-plus-fee contract, and what the differences are.

*Learning Objectives: 1) Describe “capacity” and how it may affect an agreement. 2) Identify what makes an offer valid and what constitutes an adequate acceptance. 3) Know what conditions may apply to a contract.

*Learning Objectives: 1) Understand mutuality of obligation in terms of consideration. 2) Identify who and what agents represent. 3) Describe delegation and assignment of responsibilities 4) Understand the concept of a “reasonable person”.

A. Consideration: Mutuality of obligations, who gives what
B. Agents: who do they represent? What authority do agents have?
C. Delegation of Responsibility: transfer of duties related to the contract
D. Reasonable Person: definition
E. Beware Mistakes that Bind

Assessment

Chapter 9 – Breach of Contract

*Learning Objectives: 1) Understand how the statute of limitations for malpractice and the statute of repose works for contractors 2) Identify the positive and negative forms of contracts 3) Appreciate the need to read the entire document and get all agreements in writing.

A. Buyer Beware!
B. Form Contracts: fill in the blanks
C. Fine Print
D. Get it in Writing
E. Stopping Work Before a Dispute
F. Excluding Work from a Contract

Assessment

Course instructors will be available by email or telephone between 9am and 5pm Eastern Standard Time. They will assist you with questions regarding course content.

If you have any questions, please call us at 1-800-727-7104 or send an email to info@licensetobuild.com. Email responses will usually be returned promptly, but guaranteed within one business day.

Student policies and procedures are always available by going to www.licensetobuild.com and scrolling to the bottom of the page (See Privacy and Refund Policy).

Testimonials

Very beneficial to get someone ready for taking the test. Definitely helped me pass the Home Builders Exam!William in Alabama

I just wanted to let your staff know that I passed both parts of the builders exam this past Thursday. The prelicensure course was awesome and full of an awful lot of extra information that I’m sure will help me get off to a good start.Ron Scholl from Michigan

First, Thank you for offering this course in a “Fast Track” method. Unlike your competition who only offers a “2-week” program, you show respect for the students time. Second, Mike Woods knowledge and demeanor in the course presentation and interaction with the students was superb! I enjoyed his style greatly. Lastly, I cannot stress enough the importance of continuing to offer the course in a classroom style vs. online due to the opportunity to: a) ask questions, b) learn from the experience …Frank Guerin from Michigan

The course really helped me pass the exam on the first try. I asked the lady at PSI if anyone passes the exam the first try and she said No. I told her that they should have gone to the Builders License Training Institute.Thomas Lapan from Kalkaska Michigan

Scott, Thanks for your help this weekend, I passed the exam. I appreciate your help greatly.Todd Collom - Michigan

I enjoyed the (MI 60-Hour) class discussions with the instructor and my classmates who work in other fields of the industry.Chuck Mc Connaughey - Michigan

I was impressed with the time the instructor took to help me with the subjects I was having trouble with.Mark Berry - Michigan

I thought Mike did a great job, I am much more knowledgeable in all Building instead of just what I specialize in.Joe – Michigan

I found the (MI 60-Hour) class both extremely informative and highly entertaining. The instructor and classmates had a lot to share.Thomas Levine – Michigan

I took the Minnesota Prelicensure Course – Passed the first try! You guys have a great program for the everyday guy!Jack Barnhardt - Minnesota